Tag: oil
2 Mar 2026
Russia warns of global oil shock after Hormuz closure amid war
According to Russian Foreign Ministry officials, the strategic waterway, through which roughly 20 % of the world’s oil and significant liquefied natural gas supplies transit daily, has suspended crude, fuel and LNG shipments after military strikes involving the US-Israel and Iran.
24 Feb 2026
Oil rises to near seven-month highs on US-Iran tensions
US President Donald Trump tweeted on Monday that Iran will have a “very bad day” if it does not come to a deal.
21 Oct 2025
Fuel supply at risk as Sindh cess delays oil clearance at Karachi Port
OCAC cautioned that if upcoming consignments from Wafi Energy and Pak-Arab Refinery (Parco)